Hutchison China MediTech upgraded by Panmure

30 January 2014

In a new report on Chinese pharmaceutical company Hutchison China MediTech (LSE: HCM), Panmure Gordon analyst Savvas Neophytou points to the possibility of strong data emerging from cancer candidate volitinib in Phase I trials following partner AstraZeneca’s highlighting the product as a Phase III prospect as early as 2015.

He has further upgraded his fiscal year 2013 MediPharma unit forecasts to $15.5 million in revenues (from $10.8m previously), which results in an earnings per share upgrade to 13.7 cents (from 10.8 cents). Further out, fiscal 2014 could be a transforming year for Hutchison China MediTech if long-anticipated upgrades materialize from an easing of the well-known raw material squeeze and delivers further licensing deals.

Revenues expected to double

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical